BONART LIMITED
Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 50). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 29.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
Corporate timeline (32 events)Click to expand
- 2026-03-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-11-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-17➖MAISEY, Robert John resigneddirector
- 2025-11-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-03-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-03-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-05-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-05-25📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-05-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-05-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-01➖MAISEY, Sheila Rosemary resignedsecretary
- 2019-06-01➖MAISEY, Sheila Rosemary resigneddirector
- 2019-06-01➖MAISEY, Vera Gwyneth resigneddirector
- 2018-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-08-29🔓Charge satisfied #3
- 2014-11-15🔓Charge satisfied #1
- 2014-10-06🔓Charge satisfied #2
- 2014-08-22🔒Charge registered #3Lender: Svenska Handelsbanken Ab (Publ)
- 2013-05-09🔒Charge registered #2Lender: Barclays Bank PLC
- 2007-06-28➖DAMRELL, James George resigneddirector
- 2004-05-14➕MAISEY, Matthew William appointeddirector
- 2003-09-24➖MAISEY, Harold Lionel resigneddirector
- 2002-05-31➖BASHFORD, Peter Michael resigneddirector
- 1997-05-29🔒Charge registered #1Lender: Barclays Bank PLC
- 1993-06-22➕DAMRELL, James George appointeddirector
- 1961-06-21🏢Company incorporatedAs BONART LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew William Maisey Individual · British · DOB 06/1976 · age 50 | 75–100% | — | 75-100% shares | 17/11/2025 |
2 historic (ceased) PSCs
- Mr Robert John Maiseyceased 17/11/2025· 75-100% shares · 75-100% voting
- Mrs Sheila Rosemary Maiseyceased 01/06/2019· 50-75% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (1 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 22/08/2014 | 29/08/2015 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 09/05/2013 | 06/10/2014 | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 29/05/1997 | 15/11/2014 |